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Just like the many industrial companies we serve, GE is in the middle of a strategic shift that requires new skills, capabilities, organizations, and business models. Digital industrial manufacturing has been, and continues to be, a central focus to secure a sustainable strategic advantage as a manufacturer. That’s why at GE we’ve made strategic investments to support this strategy over the past decade. While there has been a lot written about ‘why’ digital industrial transformation is essential—the bigger question is ‘how’.
Since 2018, the ‘how’ has been the central discussion at every customer interaction. The ‘how’ is what separates the top quartile performers and positions original equipment manufacturers (OEMs) to reduce costs, squeeze more throughput out of current operations, reduce risks (health, safety, environmental), address ever rising customer expectations (new tailored products in less time), and explore new business models (think ‘product-as-a-service’).
Based on our interactions with more than 80 chemical companies (and our own learnings), we’ve realized that the ‘how’ starts with clarity about where you are starting from, the drivers behind the need for change, and what capabilities are required to reach maturity within time and budget constraints. These conversations have helped me identify three factors that answer the ‘how’:
One success factor is not necessarily better than the other, there are pros and cons to each. We would love to hear your experiences and help answer your questions to identify which path best prepares you for the digital industrial evolution. It is essential to work with an organization that has undergone a similar journey, which can provide real-life expertise complemented with an end-to-end solution stack.
Let us help you understand the ‘how’ and there is no better time to begin than now.
Like most process manufacturers, chemical companies are challenged with managing a multitude of expensive equipment. Equipment failure or unplanned downtime at any point can lead to diminished production, which results in expensive emergency repairs and in many cases, late or missed orders. This not only creates unrest amongst your customers, but potentially unsafe conditions.
So, how can you bring predictability to the manufacturing process?
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